Practical Credit Scoring: Issues and Techniques

Murray Bailey received a First Class Honours Degree from Southampton University in Physics (which included statistics) and obtained a scholarship to study Astrophysics at St John’s College, Cambridge where he completed Part 3 of the Mathematics Tripos. In a attempt to find something a little more practical he joined Coopers & Lybrand as a trainee chartered accountant and in 1985 joined the fledgling analysis team at Welbeck Finance. Three years later he became Credit Director at a Citibank subsidiary, Storecard before moving into the head office and covering the credit quality of all consumer credit products. In 1991 he became the Credit Director of HFC Bank and after six years, launched Windsor Consulting, providing training and consultancy to the consumer credit industry. He has worked at many of the major banks including a year with GE Capital as their Chief Risk Officer in the UK. Murray has edited and contributed to three books: Credit Scoring: The Principles and Practicalities; Consumer Collections and Recoveries: Operations and Strategies, and; Consumer Credit Quality: Underwriting, Scoring, Fraud Prevention and Collections. He spent a year editing the magazine Credit Risk International and has also been published in Credit Today and iSixSigma Financial Services.